Air Products and Chemicals (NYSE:APD – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 12.200-12.500 for the period, compared to the consensus estimate of 12.310. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY24 guidance to $12.20-12.50 EPS.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on APD. TD Cowen boosted their target price on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a buy rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $270.00 to $260.00 and set an overweight rating on the stock in a research note on Wednesday. UBS Group cut shares of Air Products and Chemicals from a buy rating to a neutral rating and reduced their price objective for the stock from $328.00 to $241.00 in a research note on Thursday, February 8th. Wells Fargo & Company cut shares of Air Products and Chemicals from an overweight rating to an equal weight rating in a research note on Monday, February 5th. Finally, TheStreet cut shares of Air Products and Chemicals from a b rating to a c+ rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of Hold and an average price target of $277.43.
Check Out Our Latest Research Report on Air Products and Chemicals
Air Products and Chemicals Trading Up 0.9 %
Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $2.74 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Air Products and Chemicals will post 12.34 earnings per share for the current fiscal year.
About Air Products and Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
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